Eletrobras looks for partners to construct 400 MW Sinop hydropower plant

25 July 2014 -- Brazil's electric state-owned company Eletrobras is negotiating with private firms for the construction of the Sinop hydropower project, which will produce 400 MW and will be located in Mato Grosso state.

Local energy news provider Canal Energia announced that Eletrobras chairman Jose da Costa held a meeting with executives from France's EDF group, which is interested in taking part in the project.

There are two other companies interested in Sinop, but their identities have not been revealed.

Eletrobras leads the project through subsidiary companies. A new partner is needed after Alupar Investimento, which holds a 51 per cent stake, decided to exit the consortium.

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